>> You'll learn pretty quick when a fat burns quickly. Olive oil and bacon grease burn at really low temperatures and will create a thick cloud of smoke as it burns.
I was wondering about that because it's mentioned in the article also: I don't understand why people say that olive oil burns easily.
Look at the table you posted: the smoking point of two qualities of olive oil ("virgin" and "extra virgin, low acidity, high quality") is above 400°F (204°C) at 410°F and 405°F respectively. This is close to the 400°F you cite as the temperature necessary for the Maillard reaction, but the wikipedia article on the Maillard reaction states that: "The reaction is a form of non-enzymatic browning which typically proceeds rapidly from around 140 to 165 °C (280 to 330 °F)." In which case, even "extra virgin" olive oil, the olive oil quality listed as having the lowest smoking point of 160°C, can withstand the heat necessary for food to undergo the Maillard reaction.
It makes even less sense that the Maillard reaction needs 400°F to get going. If you look at the wikipedia article for "Smoking point", where the table you link to comes from, it lists the average temperatures of frying and baking:
Pan frying (sauté) on stove top heat: 120 °C (248 °F)
Deep frying: 160 - 180 °C (320 °F - 356 °F)
Oven baking: Average of 180 °C (356 °F)
It wouldn't make sense for the Maillard reaction to need more than the average _baking_ temperature to occur!
Finally, I'm the third generation of women in my family to cook with olive oil, to always cook with olive oil and to cook everything with olive oil. I fry, deep fry, boil, stir-fry, bake, sear, and so on everything with olive oil. I have never seen olive oil burning (emitting a blue flame and smoke) and I've never heard of anyone in my family, or in my broad circle of friends and acquaintances who has seen that. I have never heard it in the news either and if it was something that happens to olive oil when the food you're cooking with it is about to get tasty- it should be happening all the time [Edit: note that I've burned plenty of food in olive oil- but still not the olive oil].
Small point to note: I'm Greek and we do have good quality olive oil (and wine; and feta; and yoghurt; and nothing else).
So my conclusion is: it's only cheap, low quality and most likely adulterated olive oil that catches fire in low temperatures.
(See the wikipedia article on olive oil about adulteration. It's a big thing in some other oil-producing countries, and I don't mean Saudi Arabia).